M&A News: BP, ­Rosneft, CSM, Rhone Capital, Allianz, Bidvest Group

Noteworthy expenditures of the week
Factory: Getty Images; Picasso: Bloomberg News; Wheelchair: D.Hurst/alamy; Keys: Mode Images/Alamy; Arizona Button: Grzegorz knec/Alamy

1. London-based BP plans to buy back $8 billion of its own shares after completing a deal to sell its entire 50 percent of Russian oil producer TNK-BP to Rosneft. BP will have a 19.8 percent stake in Rosneft, Russia’s biggest oil company.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.